{"id":236709,"date":"2025-04-07T20:01:53","date_gmt":"2025-04-07T20:01:53","guid":{"rendered":"https:\/\/peoplebugs.com\/economy\/navarro-defends-trump-tariffs-amid-criticism-from-elon-musk\/"},"modified":"2025-04-07T20:45:19","modified_gmt":"2025-04-07T20:45:19","slug":"navarro-defends-trump-tariffs-amid-criticism-from-elon-musk","status":"publish","type":"post","link":"https:\/\/peoplebugs.com\/economy\/navarro-defends-trump-tariffs-amid-criticism-from-elon-musk\/","title":{"rendered":"Navarro Defends Trump Tariffs Amid Criticism From Elon Musk"},"content":{"rendered":"
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Peter Navarro, a senior White House trade adviser, on Monday defended the sweeping tariffs President Trump has imposed on foreign nations and indicated that other countries\u2019 offers to drop their own tariffs on American products would be insufficient to convince the president to retreat.<\/p>\n
Mr. Navarro, who has been the architect of many of President Trump\u2019s trade plans, said on CNBC that the United States was facing a national emergency based on chronic trade deficits, and the only fix would be foreign countries removing trade barriers that had hindered the flow of American goods.<\/p>\n
The European Union offered Monday to drop its tariffs on American cars and industrial goods to zero if the United States did the same. But Mr. Navarro criticized the bloc for its value-added taxes and restrictions on American meat exports, as well as systematically higher tariffs.<\/p>\n
\u201cYou steal from the American people every which way is possible,\u201d Mr. Navarro said. \u201cSo, don\u2019t just say we\u2019re going to lower our tariffs.\u201d<\/p>\n<\/div>\n<\/div>\n
Mr. Navarro also targeted Vietnam, which has appealed to the president in recent days to have its tariffs reduced. He accused Vietnam of dumping products into U.S. markets, engaging in intellectual property theft and killing industries like shrimp, kitchen cabinets and others.<\/p>\n
\u201cWhen they come to us and say, we\u2019ll go to zero tariffs, that means nothing to us, because it\u2019s the non-tariff cheating that matters,\u201d Mr. Navarro said.<\/p>\n
In the interview, Mr. Navarro said that tax cuts were forthcoming, as well as other benefits for Americans, like deregulation, lower energy prices, lower interest rates and the restructuring of manufacturing.<\/p>\n
\u201cWe\u2019re going to get to a place where America makes stuff again, real wages are going to be up, profits are going to be up,\u201d he said, adding, \u201cthe market\u2019s going to find a bottom.\u201d Stock markets fell the first half of the trading day on Monday, following two days of punishing losses last week.<\/p>\n
He was also asked about Elon Musk\u2019s very public criticism of tariffs and of Mr. Navarro specifically over the weekend. Responding to a social-media post praising Mr. Navarro, Mr. Musk on Saturday mocked Mr. Navarro\u2019s Ivy League degree as useless, and then said Mr. Navarro had not \u201cbuilt\u201d anything.<\/p>\n<\/div>\n<\/div>\n
On Monday, Mr. Navarro said that Mr. Musk was \u201cnot a car manufacturer\u201d but \u201ca car assembler,\u201d mentioning that Tesla\u2019s plant in Texas imported batteries, electronics, tires and other parts. \u201cHe wants the cheap foreign parts, and we understand that,\u201d he said.<\/p>\n<\/div>\n<\/div>\n